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Real Estate Prices & Overview

Canterbury Dr / Melbourne Dr median real estate price is $340,205, which is more expensive than 71.2% of the neighborhoods in Michigan and 46.5% of the neighborhoods in the U.S.

The average rental price in Canterbury Dr / Melbourne Dr is currently $1,640, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.4% of Michigan neighborhoods.

Canterbury Dr / Melbourne Dr is an urban neighborhood (based on population density) located in Sterling Heights, Michigan.

Canterbury Dr / Melbourne Dr real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Canterbury Dr / Melbourne Dr neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

In Canterbury Dr / Melbourne Dr, the current vacancy rate is 0.5%, which is a lower rate of vacancies than 92.9% of all neighborhoods in the U.S. This means that the housing supply in Canterbury Dr / Melbourne Dr is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Sterling Heights, the Canterbury Dr / Melbourne Dr neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Diversity

Did you know that the Canterbury Dr / Melbourne Dr neighborhood has more Yugoslav and Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have Yugoslav ancestry and 15.8% have Polish ancestry.

Canterbury Dr / Melbourne Dr is also pretty special linguistically. Significantly, 6.2% of its residents five years old and above primarily speak Arabic at home. While this may seem like a small percentage, it is higher than 98.9% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Canterbury Dr / Melbourne Dr neighborhood in Sterling Heights are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 55.1% of the neighborhoods in America. In addition, 7.8% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 56.4% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Canterbury Dr / Melbourne Dr neighborhood, 37.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 30.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.6%), and 15.8% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Canterbury Dr / Melbourne Dr neighborhood is English, spoken by 74.6% of households. Some people also speak Arabic (6.2%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Canterbury Dr / Melbourne Dr neighborhood in Sterling Heights, MI, residents most commonly identify their ethnicity or ancestry as Polish (15.8%). There are also a number of people of German ancestry (13.5%), and residents who report Irish roots (11.3%), and some of the residents are also of Asian ancestry (7.3%), along with some Italian ancestry residents (5.7%), among others. In addition, 20.9% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Canterbury Dr / Melbourne Dr neighborhood spend between 15 and 30 minutes commuting one-way to work (48.5% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (75.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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